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As Of Filer Filing For·On·As Docs:Size Issuer Agent 11/27/07 Titan Machinery Inc. S-1/A 21:1.4M Merrill Corp-MD/FA |
Document/Exhibit Description Pages Size 1: S-1/A Pre-Effective Amendment to Registration Statement HTML 109K (General Form) 2: EX-3.1 Articles of Incorporation/Organization or By-Laws HTML 25K 3: EX-3.2 Articles of Incorporation/Organization or By-Laws HTML 82K 4: EX-4.2 Instrument Defining the Rights of Security Holders HTML 45K 5: EX-4.3 Instrument Defining the Rights of Security Holders HTML 44K 6: EX-4.4 Instrument Defining the Rights of Security Holders HTML 59K 7: EX-4.5 Instrument Defining the Rights of Security Holders HTML 60K 8: EX-5.1 Opinion re: Legality HTML 16K 9: EX-10.2 Material Contract HTML 73K 11: EX-10.25 Material Contract HTML 205K 12: EX-10.26 Material Contract HTML 26K 13: EX-10.27 Material Contract HTML 45K 14: EX-10.28 Material Contract HTML 45K 15: EX-10.29 Material Contract HTML 47K 10: EX-10.3 Material Contract HTML 73K 16: EX-10.30 Material Contract HTML 44K 17: EX-10.31 Material Contract HTML 41K 18: EX-10.32 Material Contract HTML 43K 19: EX-10.33 Material Contract HTML 60K 20: EX-10.34 Material Contract HTML 57K 21: EX-10.35 Material Contract HTML 26K
Exhibit 10.33
RECAPITALIZATION AGREEMENT
THIS RECAPITALIZATION AGREEMENT, dated effective as of August 16, 2007, is entered into by and among Titan Machinery Inc. (the “Company”), David J. Meyer (“Meyer”), C.I. Farm Power, Inc. (“CI”), Peter Christianson (“PC”), Adam Smith Growth Partners, L.P. (“ASGP”), Adam Smith Companies, LLC (“ASC”), Tony J. Christianson (“TC”), Adam Smith Activist Fund, LLC (“ASAF”), David Christianson (“DC”) and Earl Christianson (“EC”).
RECITALS:
A. The Company is pursuing the initial public offering of shares of its common stock (the “IPO”).
B. Meyer, CI, ASGP, ASAF, DC and EC are holders of Subordinated Convertible Debentures in the total original principal amount of $3,350,000, which Debentures include rights to warrants upon prepayment thereof and which by their terms do not automatically convert prior to the consummation of an IPO (the “Convertible Debentures”).
C. Certain of the parties are also parties to the Terminating Agreements (as defined below) regarding their shares or certain other matters related to the Company.
D. In order to facilitate the IPO, the Company wishes to effect prior to consummation of the IPO a recapitalization by (i) having the holders of the Convertible Debentures convert the Convertible Debentures into shares of Common Stock notwithstanding that they are not obligated to do so and would be giving up future interest and rights to warrants, and (ii) terminating the Terminating Agreements, effective automatically immediately prior to consummation of the IPO, and the parties are willing to do so, all on the terms and conditions set forth in this Agreement.
AGREEMENT:
RECAPITALIZATION
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ARTICLE 2
GENERAL
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[Signature lines on next page]
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IN WITNESS WHEREOF, the parties have executed this Agreement, in a manner appropriate to each, on the day and year first above written.
TITAN MACHINERY, INC. |
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By: |
/s/ Ted Christianson |
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Ted Christianson, Vice President, Finance |
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/s/ David J. Meyer |
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David J. Meyer |
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ADAM SMITH GROWTH PARTNERS, |
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L.P. |
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By: |
/s/ Tony J. Christianson |
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Tony J. Christianson, Chairman |
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Adam Smith Companies, LLC |
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General Partner |
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ADAM SMITH COMPANIES, LLC |
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By: |
/s/ Tony J. Christianson |
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Tony J. Christianson, Chairman |
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/s/ Tony J. Christianson |
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Tony J. Christianson |
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ADAM SMITH ACTIVIST FUND LLC |
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Adam Smith Managements LLC |
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Managing Member |
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By: |
/s/ Tony J. Christianson |
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Its: |
President |
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/s/ Earl Christianson |
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Earl Christianson |
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/s/ David Christianson |
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David Christianson |
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C.I. FARM POWER, INC. |
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By: |
/s/ Peter Christianson |
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Peter Christianson, President |
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/s/ Peter Christianson |
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Peter Christianson |
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EXHIBIT A
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Convertible |
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Conversion |
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Conversion |
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Additional |
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Total |
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David Meyer |
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$ |
500,000 |
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$ |
2.50 |
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200,000 |
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42,680 |
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242,680 |
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CI Farm Power, Inc. |
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$ |
1,690,000 |
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$ |
2.50 |
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676,000 |
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160,285 |
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836,285 |
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Adam Smith Growth Partners, LP |
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$ |
755,000 |
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$ |
2.50 |
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302,000 |
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64,446 |
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366,446 |
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Adam Smith Activist Fund, LLC |
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$ |
145,000 |
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$ |
2.50 |
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58,000 |
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12,377 |
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70,377 |
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David Christianson |
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$ |
100,000 |
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$ |
2.50 |
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40,000 |
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8,536 |
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48,536 |
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Earl Christianson |
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$ |
160,000 |
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$ |
2.50 |
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64,000 |
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13,657 |
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77,657 |
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$ |
3,350,000 |
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1,340,000 |
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301,981 |
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1,641,981 |
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7
This ‘S-1/A’ Filing | Date | Other Filings | ||
---|---|---|---|---|
6/30/08 | 4 | |||
Filed on: | 11/27/07 | |||
8/16/07 | ||||
4/7/03 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/03/24 Titan Machinery Inc. 10-K 1/31/24 111:10M 3/30/23 Titan Machinery Inc. 10-K 1/31/23 113:11M 4/01/22 Titan Machinery Inc. 10-K 1/31/22 115:12M 3/31/21 Titan Machinery Inc. 10-K 1/31/21 106:12M |